Overview
What is Impact Development Fund?
Impact Development Fund is a nonprofit organization situated in Loveland, Colorado, with an address at 200 E 7th Street. Their primary mission is to provide short-term, early-stage loans to developers working on affordable housing, community facilities for non-profits, and neighborhood revitalization projects throughout Colorado. By offering flexible capital, the Impact Development Fund aims to foster economic growth in under-served communities, ultimately contributing to their overall strength and development. With a team of 31 dedicated professionals, this fund plays a crucial role in supporting projects that promote affordable housing and community facilities in the state.
Official website here: www.impactdf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Impact Development Fund has received a Three-Star rating from Charity Navigator, reflecting its strong performance in the Accountability & Finance categories. The overall score is based entirely on its accountability measures, indicating that the organization demonstrates a solid commitment to fiscal responsibility and transparency in its operations.
The organization excels particularly in governance, with a fully independent board and strong oversight practices. It has also implemented comprehensive policies, such as conflict of interest and whistleblower protections, which contribute to its high score in this domain. The program expense ratio is notably high at 86.59%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the rating highlights the organization's strengths, it does not provide insights into areas needing improvement. Future evaluations may benefit from additional metrics assessing the impact and effectiveness of its programs to give a fuller picture of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Development Fund legitimate?
Impact Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Development Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $192,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,316,160
For more financial information, click here
Official website here: www.impactdf.org
What is the mission statement of Impact Development Fund?
The Impact Development Fund's mission is to foster economic opportunities by supplying flexible capital to strengthen underprivileged communities in Colorado. They accomplish this by providing early-stage, short-term loans to developers of affordable housing, non-profit community facilities, and neighborhood revitalization projects across the state. The fund's aim is to contribute to the betterment of these communities, particularly those that are under-served.
Official website here: www.impactdf.org
Who is the CEO of Impact Development Fund?
Sean Doherty is the President of Impact Development Fund.
Official website here: www.impactdf.org
What is the revenue of Impact Development Fund?
Impact Development Fund's revenue in 2022 was $5,955,090.
Official website here: www.impactdf.org
Who are the executives of Impact Development Fund and what are their salaries?
The average compensation at Impact Development Fund during 2022 was $48,677. There are 31 employees and 20 volunteers at Impact Development Fund.
Here are 15 key members and their salaries:
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- Compensation: $160,385
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- Compensation: $133,861
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- Other: $18,511
Official website here: www.impactdf.org
Where can I find the form 990 for Impact Development Fund?
Impact Development Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactdf.org
Learn more at the official website: www.impactdf.org
Mission Statement of Impact Development Fund
Impact Development Fund, a nonprofit organization, strives to create economic opportunities by delivering flexible capital to strengthen underprivileged communities in Colorado. Their mission is twofold: they provide early-stage, short-term loans to developers working on affordable housing, non-profit community facilities, and neighborhood revitalization projects across the state. By doing so, they aim to contribute to the improvement and growth of these communities, ultimately fostering a more equitable and prosperous environment for its residents.
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Impact
July, 2024
Impact Development Fund's impact is significant in creating economic opportunity by delivering flexible capital to strengthen under-served Colorado communities. Through providing loans for affordable housing, non-profit community facilities, and neighborhood revitalization projects, Impact Development Fund plays a crucial role in supporting the development of essential infrastructure and services in these communities. By facilitating access to capital for projects that benefit the community, Impact Development Fund contributes to improving the quality of life for residents and promoting overall neighborhood revitalization in Colorado.
This information is meant to be a general summary of Impact Development Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $601,842
- Program Service Revenue: $4,289,498
- Gross Receipts: $6,619,022
Assets and Liabilities:
- Total Assets: $115,033,331
- Total Liabilities: $97,469,009
- Net Assets: $17,564,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$2,148,803
LOAN FEES/SERVICING IN
Revenue
$1,984,407
CONTRACT REVENUE
Revenue
$126,041
LOAN RECOVERY INCOME
Revenue
$30,247
Organization Details
Founding Year
1999
Phone
(970) 494-2021Principal Officer
Sean Doherty
Main Address
200 E 7TH STREET 412, LOVELAND, CO, 805374871
Website
www.impactdf.orgNTEE Category
Code: L120 - Housing
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